Redefining Corporate Social Risk Mitigation Strategies
This note looks at how companies engage with stakeholders in areas with high social or political tensions. It argues that most social risk-mitigation strategies often exacerbate tensions and risks to the companies. The note offers a checklist of ri...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2004/02/5141070/redefining-corporate-social-risk-mitigation-strategies http://hdl.handle.net/10986/11279 |
| Summary: | This note looks at how companies engage
with stakeholders in areas with high social or political
tensions. It argues that most social risk-mitigation
strategies often exacerbate tensions and risks to the
companies. The note offers a checklist of risk indicators
and a set of questions companies can use to gauge the state
of relations with communities and other stakeholders. The
real risk to corporations is not whether they take measures
to benefit local communities, but the types of relations
they build-not so much what they do, but rather how they do it. |
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